Today: 24 June 2025
14 June 2024
1 min read

‘Dubai’s IPO boom signals market strength’

Dubai’s tax-efficient and demonstrably resilient economy has not only bolstered the emirate’s appeal for foreign direct investment, but provided a valuable incentive for banks, brokerages…reports Asian Lite News

As illustrated in the Regional Outlook for Banking and Capital Markets 2024 report, regional IPO growth is expected to come in three phases. Firstly, through the continued privatisation of state-related entities, followed by listings by family-owned companies and latterly, FinTech and tech-enabled start-ups.

Driven by a convergence of state and private IPO listings, a subsequent increase in financial services fees and a growing population of high-net-worth individuals, Dubai’s tax-efficient and demonstrably resilient economy has not only bolstered the emirate’s appeal for foreign direct investment, but provided a valuable incentive for banks, brokerages, and law firms to either shore up their presence, or establish one.

Commenting on the report’s findings, Arif Amiri, Chief Executive Officer, DIFC Authority, said, “Driven by the surge in IPOs, capital markets across the MENA region have experienced remarkable expansion, driven by reforms aimed at enhancing market infrastructure and fostering greater foreign and regional investment inflows. With its strategic initiatives and robust regulatory framework, DIFC plays a pivotal role in driving innovation and stimulating growth within the financial sector. Dubai’s IPO boom underscores the city’s status as a thriving hub for capital markets, and DIFC’s role in enabling this acceleration through the firms that drive capital markets and provide advisory services for IPOs will continue to contribute to the dynamic evolution of global finance.”

ALSO READ: AI Retreat 2024: Leaders convene in Dubai

Previous Story

 DMCC attracts over 160 new Indian businesses

Next Story

UAE ‘midday break’ regulation starts from June 15

Latest from -Top News

Trump Lashes Out Over Fragile Truce

Trump mentioned that both countries “violated” the ceasefire that was announced late Monday….reports Asian Lite News US President Donald Trump on Tuesday issued a stern warning to both Israel and Iran, accusing

Qatar Summons Iran Envoy Over Base Strike

Qatar’s Ministry of Foreign Affairs affirmed to Iranian Ambassador Ali Saleh Abadi that it reserves the right to respond to this flagrant violation in accordance with international law. Qatar on Tuesday summoned

No Ceasefire Deal, Says Tehran

Iran’s Foreign Minister Abbas Araghchi says no “agreement” on ceasefire between Israel and Iran…reports Asian Lite News Uncertainty and scepticism mounted on Monday after a surprise ceasefire announcement by the United States,

Qatar: Retaliation on the Table

Majed Al Ansari added that the State of Qatar strongly condemns the attack that targeted Al-Udeid Air Base by the Iranian Revolutionary Guard….reports Asian Lite News Qatar on Monday announced that it

Trump Claims Iran-Israel Truce

The announcement followed a symbolic show of Iran, which shot missiles at a US base in Qatar after having given the US notice of the strike, according to Trump….reports Asian Lite News
Go toTop

Don't Miss

MBR Space Centre, Volga-Dnepr Group ink deal

The Mohammed Bin Rashid Space Centre (MBRSC) has signed a

Paraguay celebrates National Day at Expo 2020

Paraguay celebrated its Expo 2020 Dubai National Day on Friday